Apple Q1 2024 Earnings Preview: Record Revenue Growth Driven by Services and iPhone

Analysts Anticipate Strong Demand for Apple Products

Analysts are predicting a strong quarter for Apple, with earnings per share estimates averaging $141. This estimate is within a range of $132 to $145, indicating confidence in Apple's financial performance.

Key Quarter Highlights

Apple's first quarter of fiscal 2024 runs through June 29. During this quarter, Apple is expected to unveil new products that could boost demand for its products and services.

Apple's current quarter marks a year-over-year growth of 16%, an indication of the company's continued success in a rapidly evolving technology landscape.

Quarterly Revenue Projections

According to data from Bloomberg, here are the quarterly figures that Wall Street expects Apple to report:

• Revenue: $124.84 billion
• Earnings per share: $141.00
• Gross margin: 43.1%
• Operating margin: 30.7%

These projections reflect analysts' optimism about Apple's ability to generate strong revenue and earnings growth in the coming quarter.